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Dealer’s Diary
The key benchmark indices started on a negative note amid a bout of initial
volatility but cut losses in morning trade after hitting a fresh intraday low. The
market slipped into red once again after recovering sharply to trade in green
for a brief period in mid-morning trade. The market once again slipped into red
after recouping intraday losses in early afternoon trade but came off lows later.
A sudden slide was witnessed in early afternoon trade. The market cut losses
after hitting fresh intraday lows in late trade as macroeconomic worries arising
from surging crude oil prices and geopolitical tensions due to crisis in Libya
weighed on the sentiment with the Sensex and Nifty ending down by 0.8% and
0.9%, respectively. The mid-cap and small-cap indices ended lower by 0.9%
and 0.7%, respectively. Among the front liners, RIL, RCOM, Sterlite Industries,
Reliance Infrastructure and TCS gained 0–3%, while Hero Honda, L&T, HDFC
Bank, Jindal Steel and Jaiprakash Associates lost 2–4%. Among mid caps, Jai
Corp., Shree Ashtavinayak Cine Vision, Sanwaria Agro Oils, Gujarat Narmada
Valley Fertilizers and Gitanjali Gems gained 3–18%, while SpiceJet, Jet Air
India, Money Matters, Motherson Sumi and GE Shipping lost 4–9%.
Markets Today
The trend deciding level for the day is 18,314/5,475 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,440–18,584/5,513–5,557 levels. However, if NIFTY
trades below 18,314/5,475 levels for the first half-an-hour of trade then it may
correct up to 18,170–18,043/5,431–5,393 levels.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Dealer’s Diary
The key benchmark indices started on a negative note amid a bout of initial
volatility but cut losses in morning trade after hitting a fresh intraday low. The
market slipped into red once again after recovering sharply to trade in green
for a brief period in mid-morning trade. The market once again slipped into red
after recouping intraday losses in early afternoon trade but came off lows later.
A sudden slide was witnessed in early afternoon trade. The market cut losses
after hitting fresh intraday lows in late trade as macroeconomic worries arising
from surging crude oil prices and geopolitical tensions due to crisis in Libya
weighed on the sentiment with the Sensex and Nifty ending down by 0.8% and
0.9%, respectively. The mid-cap and small-cap indices ended lower by 0.9%
and 0.7%, respectively. Among the front liners, RIL, RCOM, Sterlite Industries,
Reliance Infrastructure and TCS gained 0–3%, while Hero Honda, L&T, HDFC
Bank, Jindal Steel and Jaiprakash Associates lost 2–4%. Among mid caps, Jai
Corp., Shree Ashtavinayak Cine Vision, Sanwaria Agro Oils, Gujarat Narmada
Valley Fertilizers and Gitanjali Gems gained 3–18%, while SpiceJet, Jet Air
India, Money Matters, Motherson Sumi and GE Shipping lost 4–9%.
Markets Today
The trend deciding level for the day is 18,314/5,475 levels. If NIFTY trades
above this level during the first half-an-hour of trade then we may witness a
further rally up to 18,440–18,584/5,513–5,557 levels. However, if NIFTY
trades below 18,314/5,475 levels for the first half-an-hour of trade then it may
correct up to 18,170–18,043/5,431–5,393 levels.
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